Earlier quoted context omitted.
JFYI, maybe it is just me, but in Assets ->House you have: Effective yearly tax rate Yearly maintenance costs Yearly insurance rate I automatically visualize "rate" as a percentage but I see "costs" as being expressed in actual money, so I inserted ( believed to be inserting ) 2,000 Euro in maintenance costs which of course ended up being 2,000% of the asset value. Quickest bankrupt ever! Maybe Yearly Maintenance Rat…
Ah good call. I see how that can be confusing. Hopefully I'll also be able to add in a system where you can toggle some of these inputs between percent and fixed value as well.
Still in Assets->House.
Your simulator seems to work "by category", i.e. it takes expenses for the house (taxes, maintenance, insurance) from the value of the asset?
I.e. with constant income fixed 6000 (salary until retirement and same amount as pension, tax exempt, todays money, follow inflation), no living expenses, and only a house with value fixed to 200000 (but adjusted to inflation), 1% tax, 1% maintenance, 1% insurance, the value of the asset decreases.
That should be 6000 income tax exempt, 6000 expenses, same house, everything fixed but adjusted to inflation.
But it is not like you are going to pay taxes, maintenance or insurance with "slices" of your house.
Anyway, with those values I start at 25 Net Worth 200,000 (only the house) and end up at 92 with a house worth 26000 and a lot of cash, 121000.